Billionaires

Coty Inc. bought a 51% stake in Kylie Cosmetics for $600 million in 2020 and a 20% stake in SKKN by Kim Kardashian for $200 million the same year.

The addition of voice and video calling will put X in direct competition with Apple’s Facetime and Meta’s WhatsApp.

Lawyers for X said the company should not have to pay the fees needed to kick start arbitration with former employees, which could be as much as $3.5 million.

Subway, the giant sandwich chain, has agreed to sell itself to private equity firm Roark Capital in a deal reportedly valued at $9 billion, minting a fortune for its two founding families – but only one will walk away with the bread.

Meta is preparing to launch a web version of it text-based social media app Threads sometime this week, the Wall Street Journal reported, the latest in a series of features added to the platform as it attempts to gain parity with X, formerly known as Twitter, and reverse a steep slump in engagement after a record-breaking launch last month.

X owner Elon Musk said users will still be able to mute other accounts, but said blocking “makes no sense.”

Users had to wait five seconds before accessing certain websites like the New York Times or Threads via links on Twitter, the Washington Post found.

Australia’s richest person is a longtime financial backer of athletes and wants to see the 2026 Commonwealth Games return to the Gold Coast.

Zuckerberg’s spokesperson said the Meta CEO wouldn’t be home — and wasn’t interested.

Neuralink confirmed via X, formerly Twitter, that the US$280 million (AU$428 million) funding round was led by Peter Thiel’s Founders Fund.